1012 Victoria Ave. E. Thunder Bay, Ontario P7C 1B6
$429,900
Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Currently partially rented, with Apartment 1 vacant and fully demolished for future redevelopment, and Apartment 3 fully renovated in 2025, offering strong value-add and lease-up potential. This solid asset benefits from extensive upgrades, including five updated electrical panels, interconnected smoke alarms, newer boiler and chimney, commercial and main roof replacements, select window upgrades, and an owned hot water tank. Apartments 1, 2, and 4 feature updated vanities and modern laminate flooring, while all bathrooms include low-flush toilets. With separate hydro metering, strong infrastructure, and clear upside through renovation and repositioning, this property presents an excellent opportunity for investors seeking cash flow and long-term growth. (id:61445)
Property Details
| MLS® Number | TB2600200 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
| StorageType | Storage Shed |
| Structure | Deck, Workshop |
Building
| Amenities | Laundry Facility |
| ConstructedDate | 1927 |
| ExteriorFinish | Stucco |
| FoundationType | Block, Concrete Perimeter |
| HeatingType | Boiler |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| FenceType | Fenced Yard |
| Sewer | Municipal Sewage System |
| SizeFrontage | 33.0000 |
| SizeTotalText | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29343917/1012-victoria-ave-e-thunder-bay-thunder-bay
Interested?
Contact us for more information
Johnny Avella
Salesperson
1141 Barton St
Thunder Bay, Ontario P7B 5N3
Enzo Ruberto
Salesperson
1141 Barton St
Thunder Bay, Ontario P7B 5N3
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February 10 2026 03:27:25
Royal LePage Lannon Realty